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El Al lost $ 105 million in the second quarter of 2020, compared with a profit of about $ 100,000 in the same period last year, according to the financial statements published by the company tonight (Wednesday). El Al's losses in the first half of 2020 amounted to approximately $ 244 million. The reports also show that the company has a negative cash flow from operating activities of approximately $ 23 million, compared with a positive cash flow of approximately $ 110 million in the corresponding quarter last year. It should be noted that the results for the quarter are affected by the...

The high-tech industry in Israel broke many records this year - and now the numbers indicating its strength are being revealed. According to a report by Start-Up Nation Central, in the first 11 months of 2021, local companies raised a total of $ 24.5 billion. Israeli companies raised $ 10.8 billion. During the period, 74 high-tech companies raised mega-rounds - that is, huge fundraisers of more than $ 100 million - compared to 22 companies in 2020. These fundraisers account for more than half of the total capital raised in 2021 and stand at $ 14.4 billion - a growth of 310% in total...

State witness Shlomo Filber testified today for the first time in the trial of opposition leader Benjamin Netanyahu in the Jerusalem District Court. His testimony is considered very central in the 4000 case, and should also affect the 1000 case. Netanyahu himself arrived at the courtroom, as he did on the first day of the testimony of state witness Nir Hefetz, and sat down a few meters away with his son Avner by his side. Filber was asked about the "facilitation meeting" with Netanyahu and described it: "There were also David Sharan and others in the room. We talked for ten minutes and a...

The grants announced by Prime Minister Netanyahu at the beginning of last week and promised to be paid by last Wednesday have not yet reached the bank accounts of Israeli citizens. Today, Sunday, the government approved the grants in the total amount of six billion shekels. However, it seems that not every citizen will receive the same grant in the coming days as Prime Minister Netanyahu announced. The proposals that will be summarized on Monday morning in the "Four Committee" of Prime Minister Benjamin Netanyahu, Defense Minister Bnei Gantz, Finance Minister Israel Katz and Economy...

Attorney General Avichai Mandelblit this evening (Thursday) addressed Finance Minister Israel Katz and clarified to him that "the post of Accountant General cannot be left unmanned." The minister replied that he agreed and would work for the nomination of a candidate already at the next cabinet meeting. Since the retirement of former accountant Roni Hezekiah last month, no deputy has been appointed to the position. "The role and powers of the Accountant General are of great importance in general, and in the period in which we are in particular," the ombudsman clarified, noting that in his...

Health Minister Yuli Edelstein held an event with dozens of invitees, hours after announcing the gathering restrictions for 20 people in private homes - it was reported Wednesday evening. The minister arrived at the event on Thursday, held in a private house in Herzliya Pituah, immediately after the press conference, which announced the reinstatement of social remoteness. Despite the controversial timing in which the Minister of Health chose to hold the event, its very existence did not violate the guidelines, since these were not yet in effect. Edelstein's office said in response: "This...

seems that the economy is emerging from the corona crisis, but it seems that many low-wage earners have not yet returned to work, and as a result, the average wage in Israel for Israeli workers soared to a peak of NIS 12,740 in March. This is an increase of 5.5% compared to February, when the average salary was NIS 12,079. Even the wages of foreign workers soared to NIS 7,045, an increase of more than 10% compared to the previous month, when their wages were only NIS 6,316. From data from the Central Bureau of Statistics (CBS), it can be learned that the preference of quite a few workers...

The Bank of Israel, headed by the Governor, Prof. Amir Yaron, announced today (Monday) an increase in the basic interest rate in the economy from 0.1% to 0.35%. In doing so, the predictions were confirmed that the Monetary Committee is expected to raise interest rates for the first time in three and a half years. Some experts even thought that the bank might raise the interest rate to 0.5% at once, but this forecast did not materialize. Following the increase in the basic interest rate, the prime interest rate will also rise this coming Thursday, after the banks are preparing for a change,...

Israel, whose response to the corona virus epidemic was initially considered a success story, especially compared to the way the epidemic was dealt with by countries like the United States, has lost its initial advantage and even worse. On Tuesday, Israel "surpassed" the United States in terms of the number of people infected with the corona virus per million people, for the first time since the end of March. At the end of May, the average weekly number of infected people in Israel was close to zero, while in the United States at that time it was about 80. Since then, the average number...